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US TSY OPTIONS

More 10Y Vol Sales

US TSY FUTURES

Extending Session Lows Post JOLTS

POLAND

NBP Raises Policy Rate By 50bps

EM FX

CZKPLN Testing 0.18 Support

(Z1) Bearish Price Sequence

BUND TECHS
  • RES 4: 174.33 High Aug 17
  • RES 3: 173.93 High Aug 25
  • RES 2: 173.54 High Aug 31
  • RES 1: 172.76 High Sep 2 and 3
  • PRICE: 172.22 @ 05:19 BST Sep 6
  • SUP 1: 172.01 Low Sep 3
  • SUP 2: 171.79 2.00 proj of the Aug 5 - 11 - 17 price swing
  • SUP 3: 171.49 2.236 proj of the Aug 5 - 11 - 17 price swing
  • SUP 4: 171.30 2.382 proj of the Aug 5 - 11 - 17 price swing

Bund futures are trading closer to recent lows. Price action last week moved below the 50-day EMA on the continuation chart, reinforcing bearish conditions. Furthermore, the contract maintains a bearish price sequence of lower lows and lower highs. Further weakness is likely. The focus is on 171.79 next, a Fibonacci projection. On the upside, initial resistance is seen at 172.76, Sep 2 and 3 high.